Just months before a 72-year-old man in Mumbai fell prey to a Rs 58-crore digital arrest scam, one of the largest cyber cons in the country, he received Rs 50 crore for liquidating his shares in a pharmaceutical company where he was a partner, The Indian Express has learnt.

While the money came into his account “earlier this year”, officers associated with the probe told this newspaper, the man was first contacted via video call by digital scamsters on August 19. Subsequently, sources said, the scamsters forced the victim to visit four banks where he held accounts for 27 days across a 40-day period to transfer money to various “mule accounts” while they listened in on an “active phone call” to “keep a tab”.

“The victim fell for the scam because he believed it was linked to the money he

See Full Page